Nigeria to sell N90b of bonds next week – DMO

Image result for Nigeria to sell N90b of bonds next week - DMOThe Debt Management Office said Nigeria plans to auction N90bn (Ninety billion naira) of bonds on its April 25th auction.

It also wants to raise additional debt between May and June as part of its second quarter issuance programme.

Its auction calendar shows it aims to raise between 100 to 160 billion naira in May and June from bonds maturing in 2023, 2025 and 2028.

Nigeria has been tapping international bond markets to sell eurobonds in order to switch its debt mix towards dollar-denominated notes to lower costs.

In February, it raised $2.5 billion via the eurobond market and it is looking to raise a further $2.8 billion this year.

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